Kwara State Govt Flags off Disbursement of Non-Interest Loan to 30,000 beneficiary

Kwara state government has flagged off the Disbursement of Non-Interest Loan to 30,000 beneficiary in the state.

The development was disclosed in a statement share by the State Governor, Abdullraman Abdullrazaq on his Facebook page.

The governor said

Today, we flagged off the disbursement of non-interest loans to another round of 30,000 beneficiaries of the social investment programme — bringing the tally to 60,000 since the scheme kicked off last year.

Between 2020 and now, we have disbursed soft loans to 30,000 beneficiaries. Today’s event marks the commencement of a fresh disbursement of the loans to another set of 30,000 beneficiaries across Kwara State.

This initiative attests to our administration’s policy of gender inclusion, women empowerment, and poverty alleviation.

The whole of the programmes seek to lift people from extreme poverty. KWASSIP comes in four components, including Owo Isowo and Owo Arugbo. Owo Arugbo supports our vulnerable elders in a dignified way. We have made sure that these elders do not have to lose their lives or human dignity before accessing this support from the government. That is one of those things that stand us apart from the dark era that Kwara has exited.

A signature programme of KWASSIP is the Trader Moni, popularly known as Owo Isowo. It gives non-interest loans to beneficiaries to invest in petty business while also improving their capacity to create wealth for themselves. We borrowed this fine initiative from Mr. President. This has helped poor families to put food on their table.

I implore the beneficiaries of Owo Isowo to make judicious use of the support and ensure they pay back the money with a view to providing incremental loans for those who pay back to the tune of N50,000.

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